Tax Digest Issue 213 July 2020
Why should you buy - Selling Your Business - Tax Digest Issue 213 July 2020
This digest focuses on the preparation of a company for sale, and the tax implications of that process for a company. In addition, it includes points that may be useful for unincorporated businesses and limited liability partnerships; some of the personal consideration of a vendor selling their company; the changes to entrepreneurs relief/business asset disposal relief; and the need to consider the vendors wider needs.
- The process and planning that may be required to prepare a business undertaken by a company for sale;
- The tax implications that may arise when preparing the company for sale; and
- The tax implications of selling a business.